HondaJet Program Update - NBAA 2013

LAS VEGAS - Oct. 21, 2013 - Honda Aircraft Company announced
achievements and significant milestones in the development of the HondaJet,
the world's most advanced light jet, at the 2013 National Business Aviation
Association's Business Aviation (NBAA) Convention and Exhibition in Las
Vegas, Nev. The HondaJet flight test program is nearing its final phase and
manufacturing is approaching build completion on the first production
HondaJet.

"The HondaJet program continues its steady progress toward
certification, and we anticipate receiving Federal Aviation Administration
(FAA) Type Inspection Authorization in the next few months," said Michimasa
Fujino, president and CEO of Honda Aircraft Company. "Entering this final
phase of flight testing will be a significant milestone toward
certification."

Testing and Certification

The HondaJet program has flown more than 4,000 test points and has
conducted numerous missions to remote testing sites across the U.S. The
company successfully completed "wet runway" water ingestion tests at the
NASA Wallops Flight Facility in Virginia to examine the effects of water
spray. The tests were conducted in July 2013 with the company's third
FAA-conforming aircraft.

In September, Honda Aircraft conducted cold weather testing at the
McKinley Climatic Laboratory, the world's largest environmental testing
chamber, located at Eglin Air Force Base in Florida. The company's fourth
and fifth FAA-conforming HondaJets were subjected to extreme cold
temperatures – down to minus 40 degrees Fahrenheit (minus 40 degrees
Celsius) – to test aircraft mechanical systems, engine starts, and
electrical and avionics systems. This testing augments the cold weather
testing the company completed in March 2013 in International Falls, Minn.,
and engine inlet anti-ice tests at the NASA Glenn Research Tunnel in
Cleveland, Ohio.

Honda Aircraft has also commenced interior and cabin systems tests on
the fifth FAA-conforming HondaJet, which joined the flight test program in
May 2013. This aircraft will also be used for future function and
reliability (F&R) testing and is the first HondaJet test aircraft to have a
production interior. This FAA-conforming aircraft will be on static display
at the Honda Aircraft Company exhibit at Henderson Executive Airport during
the show.

The HondaJet program is currently undergoing FAA full-scale fatigue
testing. The tests are being conducted in Honda Aircraft Company's
state-of-the-art R&D facility in Greensboro, N.C. The structural test team
continues to validate the HondaJet airframe through sophisticated fatigue
strength testing and has achieved more than 600 cycles that represent more
than one year of simulated flights for a high-time operator. This testing
will prove the HondaJet airframe's fatigue strength well before the
HondaJet enters service. The structural test program's target is to conduct
the equivalent of three airframe lifetimes for metallic fatigue testing and
limit load residual strength testing; and two airframe lifetimes of
composite damage tolerance testing.

First Production HondaJet Approaching Build Completion

HondaJet production continues with six production HondaJets on the
assembly line. The Honda Aircraft manufacturing team has mated the first
production aircraft's wing and empennage with build activities for this
HondaJet nearing completion.

"The Honda Aircraft production team is diligently preparing to ramp-up
production by continuing to implement lean manufacturing techniques and
investing in workforce training," said Fujino.

"We anticipate our production workforce will double as we prepare for
HondaJet entry into service."

HondaJet Financing

Additionally, during the press conference, Honda Aircraft Company and
American Honda Finance Corporation (AHFC) announced the companies'
intentions to offer term loan financing for HondaJet customers in the
United States.

AHFC, a subsidiary of American Honda Motor Co., Inc., will provide
financing and account servicing for HondaJet customers in the U.S. and
collaborate with Honda Aircraft Company to develop the systems and
infrastructure to support HondaJet customers. AHFC expects to begin
accepting credit applications in time to support deliveries. AHFC and Honda
Aircraft Company will provide additional details on this financing program
early next year.

"We are once again challenging the industry by bringing new value to the
ownership experience," said Fujino. "Offering aircraft financing for
HondaJet customers in the U.S. is a logical extension of Honda's philosophy
to provide innovative products that are backed by unsurpassed service and
support."

Expanding Infrastructure to Provide Superior Customer Service Honda
Aircraft Company also marked the opening of its state-of-the-art customer
service facility on Oct. 17, 2013. The new facility is an expansion of
Honda Aircraft Company's world headquarters at the Piedmont Triad
International Airport in Greensboro, N.C. With this new facility's
addition, the Honda Aircraft campus totals more than 130 acres and more
than 600,000 square feet.

The customer service facility will provide a corporate base for the
company's customer service organization, which will manage warranty
administration; service programs sales and administration; 24/7 technical
support; technical publications; training; and will complement the HondaJet
dealer network by providing heavy maintenance and major repair and overhaul
work.

"With a focus on innovation and a challenging spirit, we will continue
our efforts to provide the best sales and service experience to exceed our
customers' expectations," said Fujino. "This commitment includes evaluating
future opportunities to positively enhance the HondaJet ownership
experience."

# # #

American Honda Finance Corporation (AHFC)

AHFC and its consolidated subsidiaries provide various forms of
financing in the United States and Canada to purchasers and lessees of
Honda and Acura products and authorized independent dealers of Honda and
Acura products. The Honda and Acura products that it finances consist of
Honda and Acura automobiles and parts and accessories and Honda
motorcycles, power equipment and marine engines.

AHFC's primary focus, in collaboration with AHFC's direct parent
American Honda Motor Co., Inc. and its affiliate Honda Canada, Inc., is to
provide support for the sale of Honda and Acura products in the United
States and Canada and maintain customer and dealer satisfaction and
loyalty.

About HondaJet

HondaJet is the world's most advanced light business jet aircraft, with
best-in-class advantages in performance, comfort, quality and efficiency.
The HondaJet is the fastest, highest-flying, quietest, and most
fuel-efficient jet in its class. The HondaJet incorporates many
technological innovations in aviation design, including the unique
Over-The-Wing Engine Mount (OTWEM) configuration that dramatically improves
performance and fuel efficiency by reducing aerodynamic drag. The OTWEM
design also reduces cabin sound, minimizes ground-detected noise, and
allows for the roomiest cabin in its class, the largest baggage capacity,
and a fully serviceable private aft lavatory. The HondaJet is powered by
two highly fuel-efficient GE Honda HF120 turbofan jet engines, and is
equipped with the most sophisticated glass flight deck available in any
light business jet, a Honda-customized GarminŽ G3000 next-generation,
all-glass avionics system composed of three 14-inch landscape-format
displays and dual touch-screen controllers. The HondaJet is Honda's first
commercial aircraft and lives up to the company's reputation for superior
performance, efficiency, quality and value.

Honda Aircraft Company Honda Aircraft Company, LLC, a wholly owned
subsidiary of American Honda Motor Co., Inc., was founded in 2006, though
has its heritage in more than 20 years of groundbreaking aeronautical
research and development. At Honda Aircraft's world headquarters in North
Carolina, the birthplace of aviation, the company's associates work in more
than 600,000 square feet of state-of-the-art R&D, production,
administration and customer service facilities to develop, produce, market
and support the HondaJet with HondaJet dealers. The challenging spirit upon
which Mr. Soichiro Honda founded Honda Motor Co., Ltd. is alive today as
Honda Aircraft fulfills one of Honda's longstanding dreams to advance human
mobility skyward.